The Magic informed the Nets and several suitors Wednesday afternoon they’re no longer discussing trade scenarios for Howard, league sources said.

Howard had requested a trade to the Nets, and the Magic had granted Howard’s representatives permission to explore opportunities with New Jersey and two other teams: the Los Angeles Lakers and Dallas Mavericks.

“Dwight’s not a happy camper,” one league source told Y! Sports

Earlier in the day, there were several outlets reporting the Portland Trail Blazers had become involved in the discussions between the Nets and Magic. The Magic reportedly would have been able to shed the contracts of Chris Duhon and Hedo Turkoglu while taking back Blazers wing Gerald Wallace, Nets center Brook Lopez and as many as five first round draft picks from the Nets, including the rights to the Houston Rockets first round pick in the 2012.

That’s certainly an improved offer and is seemingly the best the Nets can do, but it’s still not even close to fair value for the Magic.

This clearly doesn’t mean the Magic are done listening to offers for Howard. It means the plan is to do whatever it takes to keep Howard in a Magic uniform. The Magic are going to take their time, explore their own trade opportunities and see if they can win enough games to convince Howard to stay.

If the Magic just traded Howard now, they wouldn’t be doing their due diligence – that Nets offer is likely always going to be there and there’s a good chance they can put a call into Mitch Kupchak’s office in Los Angeles and bring Andrew Bynum, among others, back in return.